search query: @indexterm COMPANY REPORTS / total: 363
reference: 27 / 363
| Author: | Botosan, C.A. Plumlee, M.A. |
| Title: | A re-examination of disclosure level and the expected cost of equity capital |
| Journal: | Journal of Accounting Research
2002 : MAR, 40:1, p. 21-40 |
| Index terms: | Company reports Cost forecasting Disclosure Equity capital |
| Language: | eng |
| Abstract: | The association between the cost of equity capital and levels of annual report and timely disclosure, and investor relations activities are examined. The cost of equity capital is estimated using the classic dividend discount model. It is found that the cost of equity capital decreases in the annual report disclosure level but increases in the level of timely disclosures. The latter result is contrary to theory but is consistent with managers' claims that greater timely disclosures may increase the cost of equity capital, possibly through increased volatility. |
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